Lin-Manuel Miranda Didn't Get His First Credit Card Until He Was 28

2024 Author: Steven Freeman | [email protected]. Last modified: 2023-12-17 08:15

This article was originally published on HelloGiggles.com.

Lin-Manuel Miranda is a superstar to us, but we just learned something surprising about the actor / composer: Lin-Manuel Miranda didn't get his first credit card until he was 28 (!), Reported The Washington Post. Riiiight ?!

"There is so much I wish I knew about money when I was first starting out my adult life, but in particular, the importance of building good credit," Miranda told Morgan Stanley. "In fact, I was so nervous about incurring debt that I didn't open my first credit card until age 28, after my first show had opened on Broadway. As a result, even though I had enough money in the bank, I didn 't have sufficient credit history to purchase my first apartment."

So what did he do ?! His father helped him buy it by co-signing the mortgage

Yup, we're learning a valuable lesson here, how it takes credit to get credit, as The Washington Post pointed out. And, a credit card will help build credit. Of course, make sure to pay it each month so you don't get in debt with your credit card (s).

But what if you have bad credit and cannot get approved for a credit card?

Talk to your bank or a financial institution. Some, like Bank of America, have secured credit cards, where you provide the credit line. For instance, after you demonstrate that you have the ability to pay it, you put a certain amount down as a security deposit (which is s your available credit line. If you put in embed / 26BRw6jolhTpSgknu "frameborder =" 0 "allowfullscreen =" "scrolling =" no "resize =" 0 "replace_attributes =" 1 "name =" ">

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Once again, Miranda's inspiring us and making our lives better. (Thank you, Lin-Manuel Miranda!) We definitely have #BuildingGoodCredit goals now. You, too?